THE SMARTEST INVESTMENT BOOK YOULL EVER
The Smartest Investment Book You'll Ever Read book. Read 84 reviews from the world's largest community for readers. Achieve financial security in 90 minu. sppn.info: The Smartest Investment Book You'll Ever Read: The Proven Way to Beat the "Pros" and Take Control of Your Financial Future (). Editorial Reviews. Review. "It's so simple. It almost seems counterintuitive," Solin said. And after a minute conversation with Solin, Metro--now armed with a.
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The Smartest Investment Book Youâ€™ll Ever Read is aimed at beginning investors, anyone who actively trades stocks or who invests in. Dan Solin the author of the Smartest series of investing books and The Smartest Sales Book You'll Ever Read. You can download all of Dan's books on site. Derek Sivers: An itty-bitty quick-read no-fluff book with the wisest succinct advice to investors: You can't predict the future, and neither can anyone else.
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The Smartest Investment Book You'll Ever Read - by Daniel R. Solin
There are many personal finance books out there, useful to people in all stages of personal finance. I have a lot to learn before reaching financial independence, and the editorial elves thought it would be useful if I shared some of what I learn with you.
Daniel Solin is an attorney and a registered investment adviser.
He has appeared on numerous radio and television programs. This is a pretty wide audience. The book is very short pages or so, plus some appendixes and the chapters are short as well — about three pages each, on average. As a result of the short chapter lengths, it is possible to read this book at your own pace. In addition, the main idea behind the book is very simple: People who believe they can are deluded, and people who claim they can for professional gain are, well, basically crooks.
And in many ways, the system is unfortunately not set up to protect you against them.
In other words, many investment professionals are crooks who are acting legally. Fortunately, as Solin points out, it is fairly easy to protect yourself. That's because one of the secrets to investing is that it doesn't need to be nearly as complicated as you may think it does. It's a good thing the chapters are short, because boy are they repetitive! I definitely read this book in short bursts.
The book is divided into four sections:. He quotes Nobel laureates in Economics such as William F. Sharpe and Merton Miller.
The chapter following each quote gives a specific and brief example to support the main idea of the book. No one can time the market. Part of this is understandable: Even if they realize after chapter 7 out of 44 that actively managed funds are a ripoff, they may not take action.
The Smartest Investment Book You'll Ever Read - by Daniel R. Solin
By repeating the same point over and over, he is trying to help people understand just how big of a deal that this is. However, my retirement account is with one of his preferred brokers and in one of the account types he recommends, I didn't need to be beaten over the head with his message.
I guess I'm just not his target audience. Despite the fact that this book came out in , the advice contained within it is still good.
The fees and commissions associated with actively managed funds can undo even the most impressive gains made by the fund, even if they do manage to consistently outperform the market. He emphasizes basic concepts: If once or twice a year is too much work for you, invest in a target date fund that rebalances itself periodically.
Simple as that!
He does deal with other issues, such as how to fire your investment broker once you've seen the light. He also covers what to do if your employer's retirement plan only offers actively managed funds in short: And it's true!
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If you have recently or will soon be entering the land of full-time employment, k s and b s, then this is probably a good book for you to pick up. You may or may not need to read the entire thing to be convinced that index funds are the best bet. However, Solin himself says several times throughout the book to go ahead and skip to chapter 36 as soon as you've internalized that message.
That's where you'll find the step-by-step instructions for picking the best funds for you.
Or maybe you have been picking your own stocks or taking the advice of a commission-based investment broker. If that's the case, then some of the anecdotes and examples in the first 35 chapters may be eye-opening for you. Solin's bibliography will help you find the original sources if you don't believe what you're reading. You might find this book useful, and as a bonus, you could skip all the boring repetitive middle chapters! Once you've internalized the main idea of the book and chosen your funds, it's unlikely that you'd need to refer back to this book again.
Worthy of a library check-out , but perhaps not a need-to-own. Please note: I bought this book on my own a couple of years ago, fair and square.
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I am not affiliated in any way with Daniel R. Solin or his publisher, and my opinions are entirely my own. However, if you lose money, they will point to the small print that says past performance does not guarantee similar future returns.
Either way, they still take their fees. Their talk is powerful, but their performance is usually unspectacular. However, money managers who engage in hyperactive investing cannot consistently beat or time the market.
The more expensive, exclusive products they sell are not superior to low-cost Lernen Sie los: Recommendation Daniel R. About the Author Daniel R.
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He then recommends that investors focus on exchange-traded funds or low-cost index mutual funds from big names like Vanguard and Fidelity. If doing ETF, easiest way is to do "iShares" from barclays.
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Pretty good. Some financial advisors cleverly market their superior performance over a carefully selected time frame to get you to invest with them. Along the way, Solin talks about important concepts like risk, diversification, and fees. More research, examples and a more in-depth look into the matters could have turned it into a good work, meanwhile it looks more like a blog post stretched to fit the editorial needs to be sold as a book.